Article 6 Disapplication exemption certificate

(1)

An exemption certificate issued by the Board shall not exempt any employer from—

(a)

any portion of the levy which is to be assessed under Article 3(4)(a) above or

(b)

that portion of the levy which is equal to 0.15 per cent. of the sum of the emoluments upon which the levy is to be assessed under Article 3(4)(b) above.

(2)

An exemption certificate issued by the Board shall not exempt any employer, in respect of an establishment where the number of relevant employees does not exceed 1,000, from that portion of the levy which is equal to 0.08 per cent. of the sum of the emoluments upon which the levy is to be assessed under Article 3(3) above.

(3)

An exemption certificate issued by the Board shall not exempt any employer, in respect of an establishment where the number of the relevant employees does exceed 1,000, from—

(a)

that portion of the levy which is equal to 0.072 per cent. of the sum obtained by multiplying the average emoluments of an employee by the number by which the number of relevant employees exceeds 1,000 or

(b)

that portion of the levy which is equal to 0.08 per cent. of the sum obtained by multiplying the average emoluments of an employee by 1,000.

(4)

For the purposes of this Article “relevant employees” means employees employed by the employer in the twenty-fourth base period at or from the establishment by the employer and “the average emoluments of an employee” means the sum obtained by dividing the total emoluments upon which the levy is to be assessed under Article 3(3) above in respect of the establishment by the total number of relevant employees.